Certuity LLC Acquires 161 Shares of Nordson Co. (NASDAQ:NDSN)

Certuity LLC grew its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160 shares of the industrial products company’s stock after buying an additional 161 shares during the quarter. Certuity LLC’s holdings in Nordson were worth $243,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NDSN. Nomura Asset Management Co. Ltd. increased its position in shares of Nordson by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,373 shares of the industrial products company’s stock valued at $45,533,000 after acquiring an additional 20,217 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nordson by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 514,557 shares of the industrial products company’s stock worth $135,138,000 after purchasing an additional 48,720 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Nordson by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 321,742 shares of the industrial products company’s stock worth $84,499,000 after purchasing an additional 61,430 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of Nordson by 113.8% in the 3rd quarter. Holocene Advisors LP now owns 29,170 shares of the industrial products company’s stock valued at $7,661,000 after buying an additional 15,524 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Nordson by 47.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 15,677 shares of the industrial products company’s stock valued at $4,117,000 after buying an additional 5,046 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDSN has been the topic of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $237.00 price target (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson reduced their price target on Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a report on Friday, December 13th. Seaport Res Ptn raised Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Loop Capital raised Nordson from a “hold” rating to a “buy” rating and raised their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $279.25.

Insider Activity

In other Nordson news, EVP Stephen Lovass sold 317 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $260.75, for a total transaction of $82,657.75. Following the sale, the executive vice president now owns 6,666 shares of the company’s stock, valued at approximately $1,738,159.50. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,703 shares of company stock worth $374,069. Insiders own 0.80% of the company’s stock.

Nordson Stock Up 1.4 %

Shares of NDSN opened at $217.28 on Friday. The firm has a market cap of $12.40 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.41. Nordson Co. has a 52 week low of $196.83 and a 52 week high of $279.38. The firm’s 50-day simple moving average is $217.12 and its 200 day simple moving average is $239.95.

Nordson (NASDAQ:NDSN) last posted its earnings results on Wednesday, December 11th. The industrial products company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Nordson had a return on equity of 19.87% and a net margin of 17.37%. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $736.83 million. During the same quarter last year, the firm earned $2.46 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Thursday, January 2nd. Nordson’s dividend payout ratio is presently 38.47%.

Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.